Average square foot calculated using Size range provided by listing agent.
Description
This offering features a 9-unit multifamily property in the highly desirable Mahncke Park, with an additional single-family home at 417 Margaret Ave offered separately at $160, 000. Known for its tree-lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought-after rental markets. The multifamily property totals 7, 590 SF on a 0.33-acre lot, with a strong unit mix of one-bedroom, two-bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof-minimizing near-term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long-term upside. Whether held as a cash-flowing asset, repositioned with value-add improvements, or redeveloped in the future, the opportunities here are substantial.Show Description
MLS® Number21077367
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorBalcony
GarageNo
Approx. Age1954
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatCentral
A/CElectric, Window Units
Heating Fuel
Extras
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